ashibio, Inc. announced that it has received $40 million in seed and series A round of funding led by new investor, MPM Asset Management, L.L.C. on June 20, 2024. The transaction included participation from new investors, Agent Capital, LLC, YK Bioventures, and Mirae Asset Venture Investment Co., Ltd. As a part of the transaction, Preston Noon of Agent Capital, LLC will join the company's board of directors.